Ion Geophysical Inc. (IO) Offers Opportunity as Large International Players Buy In
Any industry needs the basics to make it run. Technology needs solid minds while manufacturing needs skilled artisans. Exploration needs data of many kinds. A company that can provide that data, at a reasonable and successful rate, is one that will always profit. Ion Geophysical Inc., a seismic mapping company, works to map subterranean natural gas and oil structures world-wide. The company, based in Huston, Texas, has recently entered into a financial agreement with a Chinese concern to dramatically reduce debt and enable opportunities for expansion. Although one may assume that subterranean imaging might be rather straight-forward in nature, it…